Hello traders,
I’m looking at the daily chart of PEPE, and what I’m seeing gives me a bearish outlook. First, the 200MA is being challenged again after a lower high. Next, the black line has turned into resistance after holding the double top structure. In addition to this, I’m seeing a series of lower highs. And if that wasn’t enough, the higher lows trendline has been broken.
This is why my bias is bearish.
I’m looking at the daily chart of PEPE, and what I’m seeing gives me a bearish outlook. First, the 200MA is being challenged again after a lower high. Next, the black line has turned into resistance after holding the double top structure. In addition to this, I’m seeing a series of lower highs. And if that wasn’t enough, the higher lows trendline has been broken.
This is why my bias is bearish.
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